Press Release

Intacct’s Cloud Financial Software Empowers Innovative Companies to Super-Charge Their Growth

Best-in-Class Financial Applications Make Complex Businesses More Efficient and Offer Flexibility for Scaling Operations

SAN JOSE, Calif. – Nov. 12, 2013 – As the economy continues to regain its footing, more and more companies have entered a phase of extreme growth. Intacct, a leader in cloud financial management and accounting software, helps these fast-growing businesses to both optimize their increasingly complex accounting processes and gain real-time financial and operational insights to guide their future.

Widely celebrated as some of the most rapidly growing technology companies, customers like Bizo, ProKarma, and Meetup are using Intacct to maximize the speed and efficiency of their financial management workflows. By automating everything from their financial close and reporting to project accounting, revenue management, procurement, time and expense capture, and other bookkeeping activities, these businesses are able to do more with less. The increased productivity Intacct provides enables companies to scale dramatically while keeping their finance teams lean.

As organizations expand, they are often faced with managing multiple offices, territories, business lines, or legal entities, as well as various currency conversions. In the booming software and technology industries, they also need to meet complicated revenue recognition requirements for subscription business models. As a result, it becomes more challenging for financial leaders to keep up with their books day-to-day, let alone stay agile and focus on planning for the long term. Intacct’s flexible applications meet these challenges by increasing productivity, enabling oversight and controls, and ensuring accuracy and compliance with financial regulations.

For example, business audience marketing leader Bizo is a high flier on Inc. Magazine’s fastest-growing private companies list – experiencing an impressive 819% growth over the past three years. Brenda Luebbers, Bizo’s director of finance and human resources, noted, “We are continually amazed by Intacct’s ability to support our financial management needs as we scale our business. Intacct’s flexibility allows our small team to be more agile, even with our most tedious undertakings. For example, we were able to fly through our 2012 audit requests because Intacct keeps all the backup details we need right in the system.”

ProKarma, a fast-growing IT services company that has seen its employee count jump to well over 1600, is a great example of how Intacct helps accelerate growth by enabling better business decisions. “Intacct has done a stellar job of handling our complex global business structure as we’ve expanded globally,” said Craig Stack, CFO of ProKarma. “Because Intacct is flexible enough to support both our financial management and project accounting needs worldwide, we operate with greater efficiency and visibility into things like optimizing our staffing and maximizing project profitability, which helps us drive growth.”

Another example of the value Intacct delivers as companies grow comes from Meetup, the world’s largest network of local groups with nearly 15 million online members in 196 countries. “We’ve consistently grown more than 20 percent year-over-year since we implemented Intacct in 2010, and the efficiencies we’ve gained have allowed us to keep up without adding any headcount to the finance team,” shared Jurate Baubliene, finance manager at Meetup. “Intacct’s robust revenue recognition capabilities help us easily comply with complex GAAP requirements and the ability to automate processes has almost halved our monthly close – allowing us to spend more time on value-added activities.”

About Sage

Sage exists to knock down barriers so everyone can thrive, starting with the millions of Small and Mid Sized Businesses served by us, our partners and accountants. Customers trust our finance, HR and payroll software to make work and money flow. By digitizing business processes and relationships with customers, suppliers, employees, banks and governments, our digital network connects SMBs, removing friction and delivering insights. Knocking down barriers also means we use our time, technology and experience to tackle digital inequality, economic inequality and the climate crisis.

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